Europe Data Mesh Market Forecast to 2031 - Regional Analysis - by Solution, Deployment, Application, and Industry Vertical

The Europe data mesh market was valued at US$ 380.41 million in 2023 and is expected to reach US$ 1.20 billion by 2031; it is estimated to register a CAGR of 15.4% from 2023 to 2031.

Growing Demand for Democratization Among Businesses Drives Europe Data Mesh Market

The growing demand for data democratization among businesses is driving the data mesh market. Data democratization requires data mesh architecture for managing large data. Data mesh architecture signifies a change by providing quick access to companies for accurate and pertinent data within the businesses. Many businesses across the world are dismantling conventional methods of storing large data by creating an atmosphere to freely access, understand, and use specific data and responsibilities. This democratized approach facilitates faster decision-making by enabling instant access to contextualized and real-time data and encourage collaboration among teams and businesses.

The growing demand for data mesh strategies among businesses and their increasing adoption are fueling the market growth. Data mesh strategies promote a culture of team-based data ownership and accountability, stimulating creativity and boosting business productivity. These strategies allow businesses to structure data into manageable and self-service domains. This process ensures that users can easily access, understand, and use the data. Additionally, the rising demand for data mesh solutions among businesses for managing and handling data of different domains is driving the market.

Europe Data Mesh Market Overview

The introduction of data mesh by thought works has brought about a fundamental shift in the way enterprises capture, deliver, and utilize data. Thought works has a strong presence in Germany. Currently, the organization integrates modern software engineering, domain ownership, and product thinking to assist businesses in expediting insight delivery, optimizing the value derived from their data, and perpetually adapting to change. This approach applies regardless of whether organizations choose to embrace all four foundational principles of data mesh or opt for a more selective adoption. These four principles of data mesh include domain ownership, data as a product, self-service data platforms, and federated computational governance.

Europe Data Mesh Market Revenue and Forecast to 2031 (US$ Million)

Europe Data Mesh Market Segmentation

The Europe data mesh market is categorized into solution, deployment, application, industry vertical, and country.

Based on solution, the Europe data mesh market is segmented into data integration and delivery, federated data governance, data operations, data transformation and orchestration, and others. The data integration and delivery segment held the largest market share in 2023.

In terms of deployment, the Europe data mesh market is bifurcated into on-premise and cloud. The cloud segment held a larger market share in 2023.

By application, the Europe data mesh market is segmented into customer experience engagement, data privacy management, IOT monitoring, and others. The data privacy management segment held the largest market share in 2023.

By industry vertical, the Europe data mesh market is segmented into BFSI, retail and e-commerce, IT and telecom, healthcare, government and utilities, and others. The BFSI segment held the largest market share in 2023.

By country, the Europe data mesh market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Germany dominated the Europe data mesh market share in 2023.

Microsoft Corp; Alphabet Inc; Oracle Corp; International Business Machines Corp; Amazon.com Inc; QlikTech International AB; Confluent Inc; Hitachi Vantara Corp; Dremio Corp; SAP SE; Snowflake Inc; K2view Ltd; Denodo Technologies, Inc; Informatica Corp; Estuary Technologies, Inc.; Databricks Inc; Cisco Systems Inc; TIBCO Software Inc.; Autodesk Inc; and Adobe Inc are some of the leading companies operating in the Europe data mesh market.

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